General Mills (NYSE:GIS) Raised to Hold at Zacks Research

General Mills (NYSE:GIS) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on GIS. UBS Group set a $33.00 target price on General Mills in a research note on Monday, July 6th. BNP Paribas Exane boosted their price objective on shares of General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Bank of America upped their target price on shares of General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Morgan Stanley cut their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, June 5th. Finally, Piper Sandler reduced their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, General Mills currently has an average rating of “Reduce” and an average target price of $39.16.

General Mills Stock Performance

NYSE:GIS opened at $38.87 on Wednesday. The firm has a market capitalization of $20.75 billion, a PE ratio of -215.94 and a beta of -0.03. The business’s fifty day moving average price is $35.98 and its 200 day moving average price is $37.96. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. General Mills has a 12 month low of $31.75 and a 12 month high of $51.33.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.General Mills’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, sell-side analysts anticipate that General Mills will post 3.07 earnings per share for the current fiscal year.

Institutional Trading of General Mills

Large investors have recently bought and sold shares of the business. LBP AM SA purchased a new stake in shares of General Mills in the fourth quarter valued at approximately $2,639,000. BNP Paribas Financial Markets increased its stake in General Mills by 13.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock valued at $57,985,000 after purchasing an additional 144,631 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in General Mills by 10.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 711,120 shares of the company’s stock valued at $33,186,000 after purchasing an additional 65,817 shares in the last quarter. KBC Group NV boosted its position in General Mills by 40.5% during the first quarter. KBC Group NV now owns 771,730 shares of the company’s stock worth $28,724,000 after purchasing an additional 222,602 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in General Mills by 140.2% in the fourth quarter. Fifth Third Bancorp now owns 87,060 shares of the company’s stock valued at $4,048,000 after purchasing an additional 50,822 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.